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Could blockchain be an enabler for climate action?

Dec 14, 2017

On December 14, 2017, CPA Canada released a summary of an expert panel session it held, in collaboration with the University of Toronto’s Environmental Finance Advisory Committee (EFAC), to discuss whether blockchain as a decentralized, peer-to-peer ledger technology could transform carbon markets by providing a transparent and reliable way to track carbon emissions and credits.

Blockchain could begin an economic revolution, experts say. It initially caught attention as the technology supporting the digital currency Bitcoin. Now it’s being applied in the environmental space, most recently gaining recognition from the United Nations Framework Convention on Climate Change for its potential to boost climate action.